(Provisional Translation)
June 8, 2006
Financial Services Agency
Government of Japan

Signing of the Information Sharing Arrangement with the Securities Commission of New Zealand

On June , the Financial Services Agency (''FSA'') and the Securities Commission of New Zealand (''NZSC'') signed a Statement of Intent (''SOI'') concerning Cooperation, Consultation and the Exchange of Information, in order to establish a framework for information-exchange between the FSA and the NZSC.

With the internationalization of securities markets, as shown by the increased number of cross-border securities transactions, there are growing needs for major securities regulators to share information on unfair cross-border securities activities, in order to appropriately oversee securities markets.

For this purpose, the FSA have established the framework for the information-exchange with NZSC, one of the important securities regulators in the Asia-Pacific region for the FSA and the Japanese markets.

Under the framework set by the Notes and the SOI, the FSA and NZSC will enhance the information-exchange upon request by each authority.

The FSA has already entered into similar information sharing frameworks with the securities regulators of the following jurisdictions.

• China (March 1997)
• Singapore (December 2001)
• United States of America (May 2002)
• Australia (September 2004)
• Hong Kong (May 2005)